Related Party Loans. Repay any loans payable to officers, shareholders or directors of Borrowers. For so long as no Event of Default has occurred, notwithstanding anything else to the contrary contained in this Agreement or any of the Loan Documents, the Borrower may pay to (i) Xxxxxx X. Xxxxxxx the "Minimum Amount Due," or past due amounts thereof, as required under the American Express Business Capital Line and in connection with the Revolving Credit Note to Xxxxxx X. Xxxxxxx listed in Schedule 4.2.1 and (ii) Xxxxxxx Xxxxxxx the "Minimum Payment Due," or past due amounts thereof, as required under the Fleet Business Credit Express and in connection with the Revolving Credit Note to Xxxxxxx Xxxxxxx listed in Schedule 4.2.1.
Related Party Loans. The OmniArch OMs dated January 24, 2014, and May 9, 2014, each stated that the net proceeds raised from the offerings, and any excess cash flows, would be used to acquire downgraded and discounted RMBS bonds.
Related Party Loans. (i) Unless permitted in accordance with Section 5.3, the Representatives must ensure that the Company does not lend to its Members, including any Related Body Corporate of its Members. Where a Supermajority Member Resolution has been passed for such a loan, the applicable interest shall be consistent with the terms of subsection (c)(iv) of “SECTION 9: LEVERAGING POLICY” of the Charter.
(ii) Notwithstanding Section 5.3(e), the Company may grant a loan to another Enterprise Company provided any such loan is consistent with the terms of subsection (c)(iii) of “SECTION 9: LEVERAGING POLICY” of the Charter with the first reference to “an Enterprise Company” being read as a reference to “the Company”.
Related Party Loans. All loans from any Related Party shall be made on commercially reasonable terms and conditions.
(a) Such loans are hereby expressly subordinated, to the extent and in the manner provided in this Section 10.1, without any further action or documentation whatsoever being necessary to give effect to such subordination, in right of payment to the prior payment in full of all other obligations of the Corporation for borrowed money, all charges and security interests created thereby and all indebtedness, liabilities and obligations secured thereby (collectively, the "Other Indebtedness").
(b) In the event of any insolvency or bankruptcy proceedings, or any receivership, liquidation, reorganization or other similar proceedings relative to the Corporation or to its property or assets, or in the event of any proceedings for voluntary liquidation, dissolution or other winding-up of the Corporation, whether or not involving insolvency or bankruptcy, or any marshalling of the assets and liabilities of the Corporation (collectively referred to as a "Proceeding"), the holders of Other Indebtedness shall be entitled to receive payment in full of all the Other Indebtedness before any lending Related Party shall be entitled to receive any payment or distribution of any kind or character, whether in cash, property or securities which may be payable or deliverable in any such event in respect of his, her or its Related Party loan.
(c) such payment or distribution for the purpose of ascertaining the persons entitled to participate in such distribution, the holders of Other Indebtedness and other indebtedness of the Corporation, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this Section 10.1.
(d) Subject to the payment in full of all Other Indebtedness, any lending Related Party shall be subrogated to the rights of the holders of Other Indebtedness to receive payments and distribution of assets of the Corporation in respect of and on account of Other Indebtedness, to the extent of the application thereto of moneys or other assets which would have been received by such lending Related Party but for the provisions of Section 10.1, until the principal of and interest on the Other Indebtedness shall be paid in full. No payment or distribution of assets of the Corporation to the lending Related Party which would be payable or distributable to the holder of Other Indebtedness pursuant to this Sect...
Related Party Loans. There are no loans payable by Borrower or any affiliate of Borrower to Lender except for (i) the Loan evidenced by the Loan Documents, (ii) the leasehold mortgage loan dated as of the Closing Date from the Aetna Leasehold Lender to the Aetna SPE, and (iii) the leasehold mortgage loan dated as of the Closing Date from the MCI Leasehold Lender to the MCI SPE. There are no loans payable by Borrower to any affiliate of Borrower or any affiliate of any Person having any interest in Borrower. For purposes of the foregoing, the term "affiliates" includes all entities that would be included by the definitions of affiliate set forth in Section 15 of the Securities Act of 1933 or Section 20 of the Securities Exchange Act of 1934.
Related Party Loans. There are no outstanding loans made by the Seller or any Seller Subsidiary to any executive officer or director of the Seller or a Seller Subsidiary, other than loans that are subject to and that were made and continue to be in compliance with Regulation O under the Federal Reserve Act.
Related Party Loans. There are no loans payable by Borrower or any member of Borrower to Lender except for the Loan evidenced by the Loan Documents. There are no loans payable by Borrower to any Affiliate of Borrower or any Affiliate of any Person having any interest in Borrower.
Related Party Loans. Except as specifically provided in this agreement, the Company does not owe any amount of money, or is otherwise indebted, to any Related Party.
Related Party Loans. While any Securities remain outstanding, without the prior written consent of the Required Holders, the Company hereby covenants and agrees that it will not, and will cause its Subsidiaries not to, (i) change the date on which any payments are due under any of the Related Party Loans to a date prior to December 31, 2019, (ii) make any payments under any of the Related Party Loans prior to December 31, 2019.
Related Party Loans. Related party loans of the Group Companies of RMB 8,000,000 shall have been settled in full.
